cindylou
TUG Member
- Joined
- Jan 11, 2018
- Messages
- 81
- Reaction score
- 100
- Location
- Lahaina, HI & Colorado Springs, CO
- Resorts Owned
-
WKORV - 2 DOF, 2 OF
Sheraton Lakeside Terrace Villas at Mountain Vista - 2 winter, 1 summer, 1 shoulder
We find ourselves needing to rent out multiple prime weeks at WKORV in 2022 (preferably for top dollar) and are seeking past experiences from others regarding:
1) Ads. Do you put ads out as 2 bedroom units, or 1 BR and studio, or all 3 unit types? I'd rather not spend $45 for each Redweek ad x 3 per week x 6 weeks = $540 just to get them listed, but I understand if that's really what I should do. Do you find that 2 BRs rent out less frequently than separating them as a 1BR and a studio? Also trying VacationCandy since it's free to list (but not happy about their contract so we'll see if we end up actually committing with them). Will also try TUG Marketplace.
2) Taxes. Does anyone list a (lower) rental price and then have the guest pay the GET + TOT + new Maui 3% TAT, or do you list one (higher) price, and you as owner pay for all those taxes after receiving your gross proceeds? I'm aware many don't bother with the tax aspect at all, and I get it, but as new partial year Hawaii residents we don't want to draw their ire, so we are properly registered with our GET and TAT IDs. Now I'd like advice for the wording and pricing on the ads to not lose money but also manage renter expectations.
1) Ads. Do you put ads out as 2 bedroom units, or 1 BR and studio, or all 3 unit types? I'd rather not spend $45 for each Redweek ad x 3 per week x 6 weeks = $540 just to get them listed, but I understand if that's really what I should do. Do you find that 2 BRs rent out less frequently than separating them as a 1BR and a studio? Also trying VacationCandy since it's free to list (but not happy about their contract so we'll see if we end up actually committing with them). Will also try TUG Marketplace.
2) Taxes. Does anyone list a (lower) rental price and then have the guest pay the GET + TOT + new Maui 3% TAT, or do you list one (higher) price, and you as owner pay for all those taxes after receiving your gross proceeds? I'm aware many don't bother with the tax aspect at all, and I get it, but as new partial year Hawaii residents we don't want to draw their ire, so we are properly registered with our GET and TAT IDs. Now I'd like advice for the wording and pricing on the ads to not lose money but also manage renter expectations.